Business
The Marketing Alliance Announces Financial Results for Its Fiscal 2018 Second Quarter and Six Months Ended September 30, 2017
The Marketing Alliance Announces Financial Results for Its Fiscal 2018 Second Quarter and Six Months Ended September 30, 2017.
About this update from Marketing Alliance, Inc. (the)
[{"type":"text","content":"\n \n The Marketing Alliance, Inc. (OTC: MAAL) (“TMA”), today announced \n financial results for its fiscal 2018 second quarter and six months \n ended September 30, 2017.\n \n \n Timothy M. Klusas, TMA’s Chief Executive Officer, commented, “We are \n pleased with this quarter’s results, as we continued to reinvest in our \n insurance business and made progress in our effort to support our \n distributors’ use of digital applications, which expands their agent \n base and provides convenience for agents and clients who prefer to do \n business that way. Our insurance distribution revenue increased by over \n $1.2 million compared to the prior year quarter, and we remained \n committed to helping our distributors build their businesses. We believe \n that our distributors’ success has been, in part, due to their ability \n to offer a wide variety of products from a diverse network of carriers. \n In the last year we introduced Pacific Life to our distributors and \n supported its adoption among our distributors, which contributed to the \n increase in revenues in this quarter and this fiscal year. Included in \n our diverse network and with the continued rapid advance of technology, \n TMA has worked with our agencies to utilize a multi-carrier digital \n platform for life insurance applications. This digital initiative \n provided a competitive offering for our distributors to help them appeal \n to more producers and advisers who value the convenience of a digital \n life insurance application process. Finally, with respect to annuity \n sales and as previously noted, the Department of Labor’s Fiduciary \n ruling continued to adversely affect our annuity business due to \n uncertainty about its final form.”\n \n \n “For our construction business, we grew revenue by over $300,000 versus \n this quarter last year as we pursued projects outside of our traditional \n agricultural end market. The increase in revenue this quarter was due to \n the Company continuing to seek new ways to utilize our equipment, and in \n this case, we provided our expertise in trenching and drainage to \n roadway projects. Our intention was to gain additional exposure to new \n potential customers through these projects which could result in \n additional revenue opportunities, especially once ...